Pump.fun's Public Sale Proceeds Stablecoin Sees Approximately $770 million Transferred to CEX

BlockBeats News, July 1st, according to on-chain analyst Wu Jinyu's monitoring, Pump.fun continued to deposit 16.43 million USDT into Kraken 7 hours ago. Of the stablecoins (USDC and USDT) obtained through PUMP's public sale last July, approximately $770 million has flowed into CEX.

In addition, Pump.fun has recently resumed selling fee revenues. Since mid-May, it has transferred 342,500 SOL in fee revenue to Kraken, worth around $27.59 million.